New Mexico State Investment Council

The Council's FY24 Annual Investment Plan is based on forward-looking expectations for markets and the economy over the next 7–10 years.

The State Investment Council sets investment strategy and risk levels according to its goals, with annual return targets of 7% for the Land Grant Permanent Fund and 6.75% for the Severance Tax Permanent Fund.

The State Investment Council invests assets from its four permanent funds and governmental clients through investment pools with different strategies, risk/return profiles and costs; pool availability varies by fund and client.

The State Investment Council oversees a highly diversified institutional-quality portfolio that includes the holdings of New Mexico’s permanent funds, state financial reserves, its early-childhood endowment fund, and long-term investment assets for more than 20 governmental clients.

The New Mexico State Investment Council report covers its permanent funds and investments, which provide more than a billion dollars in annual state funding for education, general fund services and other purposes.

The Report provides information and updates about the New Mexico State Investment Council’s Strategic Venture Capital Program, which has invested 1.8 billion since 2022.

New Mexico State Investment Council publishes an anniversary report in 2018 celebrating 60 years of service.

The Council has been webcasting its monthly SIC meetings since 2010. Webcast videos of recent SIC meetings can be found on the SIC’s YouTube channel.

The New Mexico State Investment Council manages the State of New Mexico’s permanent funds, valued at approximately $70 billion as of February 2025. The State Investment Office is located in Santa Fe, New Mexico.

The 11-member SIC and its Committees are fiduciaries to one of the top sovereign wealth funds in the country, and among the largest in the world. The SIC strives for transparency by webcasting its monthly meetings, which are open to the public.

Governor Lujan Grisham was sworn in on November 6, 2018, and was the first Democratic woman elected governor of New Mexico and the first Democratic Latina elected state chief executive in the United States.

The New Mexico State Investment Council is comprised of eleven (11) members. They include: the Governor, State Land Commissioner, DFA Secretary, a higher education CFO, four (4) public members appointed by the Legislative Council, and two (2) public members appointed by the Governor.

The New Mexico State Investment Council (SIC) is the state’s sovereign wealth fund.

The State Investment Council’s history goes back decades, but its origins actually stem from New Mexico’s entry into statehood more than a century ago.

Mission The New Mexico State Investment Council will preserve, diversify, provide transparency, and grow the assets placed under management to enrich lives of all New Mexicans.

The 11-member SIC and its Committees are fiduciaries to one of the top sovereign wealth funds in the country, and the 30th largest in the world. The SIC strives for transparency by webcasting its monthly meetings, which are open to the public.

Lux Capital targets more than $1 billion for Lux Ventures VIII, combining its early- and late-stage strategies in a single fund. The New Mexico State Investment Council commits $62.5 million, and founder Josh Wolfe says the vehicle primarily backs early-stage companies while retaining later-stage investing and Lux’s focus on the intersection of science and technology.

Apr 2023 · TechCrunchNews article